Plan Snapshot
- Plan Sponsor: Ooma, INC.
- Sponsor EIN: 061713274
- Sponsor Address: 525 ALMANOR AVENUE, SUITE 200, SUNNYVALE, CA, 94085
- Plan Type: 401(k)
- Total Participants: 459
- Total Assets: $46.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 459 | $46.0M | $1.1M | $4.4M |
| 2023 | 463 | $38.4M | $888,746 | $4.0M |
| 2022 | 382 | $29.4M | $744,538 | $3.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORDKEEPER | $91,867 | — | $91,867 |
| SINGERLEWAK LLP | AUDIT | $17,115 | — | $17,115 |
| MESIROW FINANCIAL, INC. | INVESTMENT ADVISORY-PLAN | $8,732 | — | $8,732 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORDKEEPER
- SINGERLEWAK LLP — AUDIT
- MESIROW FINANCIAL, INC. — INVESTMENT ADVISORY-PLAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,714
- Estimated Expense Ratio: 0.256% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $117,713 | $8,731 | — | — | — |
| 2023 | $110,954 | $6,796 | — | — | — |
| 2022 | $63,379 | $5,550 | — | — | — |